Time Warner, Viacom Mull Bids to Buy Argentina’s Telefe

MarketWatch: Time Warner and Viacom are among bidders circling Telefónica’s Argentine television broadcaster Telefe for a potential acquisition. The deal could allow one of the U.S. media companies to gain a greater presence in Latin America. A deal could be worth as much as $400 million. Concrete offers are expected within the next several days.